United States oil giant ExxonMobil today announced its fifth oil discovery offshore Guyana.
Exxon noted in a release that the discovery was made at its Turbot-1 well which encountered a reservoir of 75 feet of high quality, oil bearing sandstone. The well is located approximately 30 miles from Liza phase one project, where the company made its initial discoveries stretching back to May 2015.
Turbot is Exxon Mobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep.
Exxon noted that following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018, the company stated.
Exxon Mobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on August 14, 2017. The well was safely drilled to 18,445 feet (5,622 meters) in 5,912 feet (1,802 meters) of water on Sept. 29, 2017. The Turbot-1 well is located in the southeastern portion of the Stabroek Block, approximately 30 miles (50 kilometers) to the southeast of the Liza phase one project.
“The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” said Steve Greenlee, president of ExxonMobil Exploration Company.
“ExxonMobil, along with its partners, will continue to further evaluate opportunities on the Stabroek Block,” he added.
The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.
